Analysts expect that Carpenter Technology Co. (NYSE:CRS) will post earnings per share of $0.84 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Carpenter Technology’s earnings, with estimates ranging from $0.80 to $0.90. Carpenter Technology posted earnings of $0.60 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The company is expected to announce its next earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Carpenter Technology will report full year earnings of $3.21 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.46. For the next fiscal year, analysts anticipate that the company will post earnings of $3.85 per share, with EPS estimates ranging from $3.52 to $4.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Carpenter Technology.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.10. Carpenter Technology had a net margin of 6.04% and a return on equity of 9.49%. The company had revenue of $556.50 million for the quarter, compared to the consensus estimate of $570.66 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share.

Several analysts have issued reports on CRS shares. Cowen reaffirmed a “buy” rating and issued a $53.00 price target on shares of Carpenter Technology in a report on Thursday, December 6th. Longbow Research raised shares of Carpenter Technology from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, December 11th. ValuEngine raised shares of Carpenter Technology from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Finally, Zacks Investment Research downgraded shares of Carpenter Technology from a “hold” rating to a “sell” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $56.00.

Shares of NYSE CRS traded up $0.48 on Friday, hitting $45.44. The company’s stock had a trading volume of 465,867 shares, compared to its average volume of 286,950. Carpenter Technology has a 12-month low of $32.77 and a 12-month high of $61.49. The company has a market capitalization of $2.19 billion, a PE ratio of 18.18 and a beta of 2.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.53 and a quick ratio of 0.84.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 5th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Monday, February 4th. Carpenter Technology’s dividend payout ratio is presently 32.00%.

Large investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Carpenter Technology in the fourth quarter valued at approximately $25,000. Captrust Financial Advisors raised its position in shares of Carpenter Technology by 476.1% in the third quarter. Captrust Financial Advisors now owns 2,656 shares of the basic materials company’s stock valued at $157,000 after buying an additional 2,195 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of Carpenter Technology in the third quarter valued at approximately $223,000. Dupont Capital Management Corp acquired a new position in shares of Carpenter Technology in the fourth quarter valued at approximately $167,000. Finally, Paloma Partners Management Co acquired a new position in shares of Carpenter Technology in the third quarter valued at approximately $287,000. 93.49% of the stock is owned by institutional investors and hedge funds.

About Carpenter Technology

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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